Ivory Tower Types Fall for Bigger Inflation Fix
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Aug. 22 (Bloomberg) -- Folks who have a vivid recollectionof the Great Inflation of the 1970s must wonder why anyone wouldwish even a trace of that upon future generations. Yet thatseems to be the risk some economists are willing to take.
The idea that the Federal Reserve could “fix” thingsfaster with a bit more inflation keeps popping up in academiccircles, which is probably where it should remain.